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  • Electrically Conductive Carbon Additives Market Growth Analysis | 2023-2028

    Electrically Conductive Carbon Additives Market Growth Analysis | 2023-2028

    Electrically Conductive Carbon Additives Market Growth Analysis | 2023-2028
    Report code - SR2332 Published On : Feb,2023 No. of Pages: 120
    Electrically Conductive Carbon Additives Market Size, Share, Trend, Forecast, Competitive See more...

    Market Highlights

    The Electrically Conductive Carbon Additives Market was estimated at US$ 2 Billion in 2022 and is likely to grow at a double-digit CAGR of 17.4%, in the long run, to reach US$ 5.4 Billion in 2028.

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    Electrically conductive additives or fillers are conductive materials, which are added to other base materials, such as polymers and elastomers, to impart a specific level of electrical conductivity to the latter. Increasing demand for EMI shielding due to the rising applications of electronic components in various end-use industries along with emerging technologies such as 5G network, IoT, and advanced driver assistance, is likely to drive the demand for electrically conductive additives. It is expected that additive-based electro-conductive materials can replace several traditional products in the market. Incorporating carbon black in a material's matrix can achieve the desired performance in terms of conductivity. Therefore, it is found in applications, such as paper and media handling, robotics, and medical devices, where dissipating static build-up or transferring an electrical charge is required. This combination significantly reduces mechanical failures and avoids harm to the product or user.

    Covid-19 Impact

    The electrically conductive carbon additives market successfully dodged a bullet by not experiencing any decline in 2020, despite the reigning wrath of the pandemic. The market was well-backed by strong demand from industries such as electrical and electronics and automotive. Furthermore, an incessant shift from traditional ICE vehicles to EV vehicles, resulting in heavy demand for electrically conductive carbon additives in li-ion batteries, is likely to give an impetus to the demand for these innovative materials.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Material-Type Analysis

    Carbon Black, Graphite, CNT, CNF, and Graphene

    Carbon black remained the most preferred type of conductive additive.

    Application-Type Analysis

    Plastics/Compounds, Adhesives/Sealants, Coatings, Inks, Elastomers, and Energy Storage

    Energy storage remained the biggest demand generator for electrically conductive carbon additives.

    End-Use Industry Type Analysis

    Automotive, Aerospace & Defense, Electrical & Electronics, Industrial, Consumer Goods, and Others

    The Automotive industry consumes the largest amount of electrically conductive carbon additives.

    Regional Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    Asia-Pacific remained the largest market for electrically conductive carbon additives.

    By Material Type

    The electrically conductive carbon additives market is segmented into carbon black, graphite, CNT, CNF, and graphene. In terms of value and volume, carbon black is likely to remain at the forefront during the forecast period. Carbon black is ideally suited for applications in li-ion batteries, advanced lead-acid batteries, alkaline batteries, and electrical components. The low surface area of conductive carbon blacks shows a particular advantage for dispersion and easy processing.

    By Application Type

    The electrically conductive carbon additives market is segmented into plastics/compounds, adhesives/sealants, coatings, inks, elastomers, and energy storage. Energy storage remained the biggest demand generator during the forecast period.

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    By End User Type

    The market is segmented into Automotive, Aerospace & Defense, Electrical & Electronics, Industrial, and Consumer Goods. The automotive industry is likely to remain the biggest demand-generator of the market till 2028. A huge inclination towards the electrification of vehicles globally, resulting in a massive demand for batteries, is ultimately likely to give an impetus to the market in the long term.

    Regional Analysis

    In terms of regions, Asia-Pacific is expected to remain the largest market for electrically conductive carbon additives during the forecast period, propelled by China. China leads the global automotive and EV market. Further, it also has huge dominance in the electricals and electronics, consumer goods, and industrial sectors. Most of the electrically conductive carbon additive suppliers have their presence in the region to address the emergent needs of customers and to be the partners for their plans. North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in vehicle production coupled with a paradigm shift from ICE to electric vehicles. 

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    Key Players

    The Electrically Conductive Carbon Additives Market is fairly consolidated with the presence of some regional and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the electrically conductive carbon additives market. There are distinct players in each material family.

    Recent Product Developments:

    Lightweight, high efficiency, and electrical insulation are the indispensable focus areas of the leading players in product development.

    • Cabot launched LITX® 93 conductive carbon additives, which possess excellent dispersibility and conductive particle morphology and ultimately enable high energy density and high-rate charge-discharge performance in lithium-ion batteries.
    • ENERMAX™ CNT additives, launched by Cabot, own a high aspect ratio, which reduces the total loading of additives without compromising the conductivity of electrodes.
    • Conductex-i and Conductex-e series of conductive carbon additives, launched by Birla Carbon, enable customization in its formulation and performance.

    Recent Market JVs and Acquisitions: High focus on inorganic growth.

    • 2018-19: Orion Engineered Carbon acquired SN2A.
    • 2018-19: Tokai Carbon acquired Tokai Carbon Korea Co., Ltd.
    • 2018-19: Cabot acquired NSCC Carbon (Jiangsu).
    • 2018-19: Tokai Carbon acquired Sid Richardson Carbon.
    • 2020: Cabot acquired Shenzhen Sanshun (SUSN).
    • 2021-22: DK Electronic Materials agreed to acquire Jiangsu Suote Electronic Materials.
    • 2022: Cabot acquired Tokai Carbon (Tianjin facility).
    • 2023: Showa Denko K.K. and Showa Denko Materials merged to form Resonac Holdings Corp. and Resonac Corp.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electrically conductive carbon additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Electrically Conductive Carbon Additives Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

     

    A Bird's Eye View of the Market

    The electrically conductive carbon additives market is estimated to grow at an impressive CAGR of 17.4 % by 2028, driven by increasing demand for EMI shielding due to the rising applications of electronic components in various end-use industries along with emerging technologies such as 5G networks, IoT, emerging interest in EVs, among others.

    Cabot Corporation, Aditya Birla Carbons, Orion Engineered Carbons, S.A., Tokai Carbon, and Imerys Group are the leading players in the electrically conductive carbon additives market.

    The market size is estimated to grow from USD 2 billion in 2022 to USD 5.4 billion by 2028.

    Asia-Pacific is estimated to remain dominant in the electrically conductive carbon additives market in the foreseeable future. The key economies driving the regions demand are China and Japan.

    Asia-Pacific is estimated to remain the fastest-growing market for electrically conductive carbon additives in the foreseeable future, driven by China, which has been an attractive market for several industry stakeholders concerning manufacturing.

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